Wells Fargo & Company (NYSE: WFC) today announced dividends on two
series of preferred stock.

A quarterly cash dividend of $20.00 per share was declared on its 8.00%
non-cumulative perpetual class A preferred stock, Series J, liquidation
preference $1,000 per share. This dividend equals $0.50 per depositary
share, each representing a 1/40th interest in a share of Series J
preferred stock, which is traded on the New York Stock Exchange under
the symbol “WFCPrJ.” The Series J dividend is payable on September 17,
2012, to holders of record as of the close of business on August 31,
2012.

A quarterly cash dividend of $18.75 per share was declared on its 7.50%
non-cumulative perpetual convertible class A preferred stock, Series L,
liquidation preference $1,000 per share, which is traded on the New York
Stock Exchange under the symbol “WFCPrL.” The Series L dividend is
payable on September 17, 2012, to holders of record as of the close of
business on August 31, 2012.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.3 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s
customers who conduct business in the global economy. With approximately
265,000 full-time equivalent team members, Wells Fargo serves one in
three households in United States. Wells Fargo & Company was ranked No.
26 on Fortune’s 2012 rankings of America’s largest corporations.
Wells Fargo’s vision is to satisfy all our customers’ financial needs
and help them succeed financially.